Agrani Bank Limited

A Brief Overview of Agrani Bank Limited

Agrani Bank Limited, a leading commercial bank with 878 outlets strategically located in almost all the commercial areas throughout Bangladesh, overseas Exchange Houses and hundreds of overseas Correspondents, came into being as a Public Limited Company on May 17, 2007 with a view to take over the business, assets, liabilities, rights and obligations of the Agrani Bank which emerged as a nationalized commercial bank in 1972 immediately after the emergence of Bangladesh as an independent state. Agrani Bank Limited started functioning as a going concern basis through a Vendors Agreement signed between the ministry of finance, Government of the People's Republic of Bangladesh on behalf of the former Agrani Bank and the Board of Directors of Agrani Bank Limited on November 15, 2007 with retrospective effect from 01 July, 2007.

Agrani Bank Limited is governed by a Board of Directors consisting of 13 (thirteen) members headed by a Chairman. The Bank is headed by the Managing Director & Chief Executive Officer; Managing Director is assisted by Deputy Managing Directors and General Managers. The bank has 11 Circle offices, 25 Divisions in head office, 56 zonal offices and 878 branches including 27 corporate and 40 AD (authorized dealer) branches. Official Website of Agrani Bank Ltd Corporate Social Responsibility Focus As an integrated part of the Corporate Social Responsibility (CSR), Agrani Bank Limited is much aware in support of environmentally sustainable social development since its introduction. The Bank is committed to CSR towards the community. Our ethics are clear i.e. not to earn excessive profits, our vision is to build up a society where human dignity and human rights receive the highest consideration and evaluation. Our motto is also to improve the society and its culture by means of CSR. Its activities are related to the needs of our valued customers, shareholders, the employees and communities. a) Shareholders The bank is fully committed to the interest of our shareholders .We increase our shareholders value by optimizing financial performance at least cost. b) Valued Customers Our customers are our business partners and we sincerely strive to improve our business relationship with our customers for our mutual benefits. We are offering different financial products and services to meet their need with the higher degree of ethics. We feel proud to provide our services to our valued customers without any hidden cost. c) Environment Our corporate social responsibility contributes generously to the development of Green Banking. Our lending policies with regard to environmental management are responsive to emergency support needs of population groups affected in natural and manmade disasters and thus nourishing the environment. d) Business Partners We always try to maintain a good business relationship with our business friends for our mutual growth and development. Our relationship is based on mutual trust and respect. We transact with them in a fair and transparent way. e) Regulators As a responsible corporate body, we conform to all of the stringent regulations issued by the Government of the People's Republic of Bangladesh and the Bangladesh Bank. f) Employees Human resources are the key to our success .We consider the human resources as a tool for development. As usual, the Staff Welfare fund which is run by Bank's employees out of their regular contribution, continued to stand by its members for their well being. There is a Board of Trustees to provide financial support to the staff members as admissible under the rules on their termination or retirement from the bank services or to their nominee's or legal heirs in case of death. To this end, two trusts Agrani Bank Limited Employees provident fund Trust and Agrani Bank Limited Super Annuation Fund Trusts are in operation. For the recreational programme the Bank patronizes sports and cultural events with a very spontaneous fervour. g) Community As an integrated part of Corporate Social Responsibility (CSR), we contribute generously to the nourishment of the country's education and healthcare, art, culture and sports. We share all sorts of values & sentiments irrespective of caste, creed or colour. We keep the door open for empowerment of women workforce to ensure a level playing field in terms of promotion, placement and delegation of power. Sectors facilitated against CSR is appended below:       Figure in lac Sl. No. Nature of Work Amount No. of beneficiaries 01 Education 344.55 38 02 Health 51.81 82 03 Natural Disaster 2.00 7 04 Sports 20.10 9 05 Art & Culture 79.46 28 06 Muktijoddha Jadughor 30.00 1 07 Others 43.81 17 Total: 571.73 182